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IRS Shows Serious Meatspace Prejudice

IRS Shows Serious Meatspace Prejudice

The above observation does not, of course, say one thing or another about the current phase of the scandal.  Lois Lerner or one of her fellow minions in a vast conspiracy may have exploited that environment to suppress the damning e-mail in which Ms. Lerner confessed to strangling the last passenger pigeon. Nonetheless,  it may account for seemingly outdated thinking, particularly in the section of the IRS that Ms. Lerner dedicated to bringing down all that is right (or maybe Right) with the world.

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Debt From KPMG Tax Shelter Survives Bankruptcy

Debt From KPMG Tax Shelter Survives Bankruptcy

After learning that he might have a large liability from 1999, Mr. Vaughn got divorced, remarried and divorced again.  He was pretty generous with his new wife, including buying a $1.73 million home that he put in her name.  He also funded a $1.5 million trust for his new step-daughter.  So in 2004, when taxpayers had an opportunity to get out from under this problem, he could not join in the settlement, because he could not come up with the entire tax.  The Court also seemed to think he was living pretty high for somebody with a multi-millionaire dollar tax debt hanging over his head.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.